High Yield Fund

LHYAX

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Daily price w/o sales charge as of 07/26/2017

$7.72

$0.01

YTD Returns w/o sales charge as of 07/26/2017

6.23%

Overall Morningstar Ratings

High Yield Bond

as of 06/30/2017

Morningstar rated the Lord Abbett High Yield Fund class A share 5, 5 and 5 stars among 590, 474 and 317 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 6/30/2017, respectively.

Please click here for performance current to the most recent quarter-end and month-end.

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Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

Yield

Dividend Yield ¹ as of 07/26/2017

w/o sales charge	5.63%
w/ sales charge	5.50%

30-Day Standardized Yield ² as of 06/30/2017

4.56%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Expense Ratioas of 06/30/2017

Expense ratio details, Click here.

The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 03/31/2018. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Fund Basicsas of 06/30/2017

Total Net Assets: $6.81 B
Inception Date: 12/31/1998
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 706
CUSIP: 54400N102
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

0.88%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	4.85%	12.85%	4.90%	7.96%	7.79%	7.09%
Lipper Category Avg. High Yield Funds	4.13%	10.70%	2.99%	5.69%	6.04%	-
BofA Merrill Lynch U.S. High Yield Constrained Index	4.91%	12.74%	4.49%	6.92%	7.63%	7.02%
w/ sales charge	2.53%	10.24%	4.09%	7.46%	7.54%	6.96%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	4.85%	12.85%	4.90%	7.96%	7.79%	7.09%
Lipper Category Avg. High Yield Funds	4.13%	10.70%	2.99%	5.69%	6.04%	-
BofA Merrill Lynch U.S. High Yield Constrained Index	4.91%	12.74%	4.49%	6.92%	7.63%	7.02%
w/ sales charge	2.53%	10.24%	4.09%	7.46%	7.54%	6.96%

Fund Expense Ratio :

0.88%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Credit Quality Distribution as of 06/30/2017 View Portfolio

Rating	Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

16 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

26 Years of Industry Experience

Supported By 63 Investment Professionals and 14 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Dividend Yield ¹ as of 07/26/2017

w/o sales charge	5.63%
w/ sales charge	5.50%

30-Day Standardized Yield ² as of 06/30/2017

w/o sales charge

4.56%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.88%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	4.85%	12.85%	4.90%	7.96%	7.79%	7.09%
Lipper Category Avg. High Yield Funds	4.13%	10.70%	2.99%	5.69%	6.04%	-
BofA Merrill Lynch U.S. High Yield Constrained Index	4.91%	12.74%	4.49%	6.92%	7.63%	7.02%
w/ sales charge	2.53%	10.24%	4.09%	7.46%	7.54%	6.96%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	4.85%	12.85%	4.90%	7.96%	7.79%	7.09%
Lipper Category Avg. High Yield Funds	4.13%	10.70%	2.99%	5.69%	6.04%	-
BofA Merrill Lynch U.S. High Yield Constrained Index	4.91%	12.74%	4.49%	6.92%	7.63%	7.02%
w/ sales charge	2.53%	10.24%	4.09%	7.46%	7.54%	6.96%

Fund Expense Ratio :

0.88%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Best returns

Durations	Fund Returns	Blended Index

3-Mo	17.32	23.1
1-Yr	54.92	64.19

Worst returns

Durations	Fund Returns	Blended Index

3-Mo	-26.22	-29.38
1-Yr	-27.59	-30.77

Best & Worst returns reflect a cumulative return for the three-month and one-year periods.

Year	Fund Returns	BofA Merrill Lynch U.S. High Yield Constrained Index

2016	15.84%	17.49%
2015	-2.26%	-4.61%
2014	3.46%	2.51%
2013	9.69%	7.41%
2012	16.50%	15.55%
2011	3.15%	4.37%
2010	14.31%	15.07%
2009	50.51%	58.10%
2008	-23.42%	-26.11%
2007	2.43%	2.53%
2006	9.94%	-
2005	1.15%	-
2004	10.42%	-
2003	21.59%	-
2002	-0.10%	-
2001	5.36%	-
2000	-3.01%	-
1999	6.57%	-
1998	0.80%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2017	2.82%	1.98%	-	-	6.23%
2016	2.01%	5.52%	5.46%	2.05%	15.84%
2015	3.05%	0.86%	-4.23%	-1.81%	-2.26%
2014	2.92%	3.38%	-1.83%	-0.95%	3.46%
2013	3.97%	-1.03%	2.51%	3.99%	9.69%
2012	6.63%	0.36%	5.06%	3.61%	16.50%
2011	3.82%	1.07%	-7.02%	5.73%	3.15%
2010	4.93%	-0.92%	6.33%	3.40%	14.31%
2009	5.95%	17.32%	14.23%	6.01%	50.51%
2008	-3.43%	1.99%	-7.81%	-15.68%	-23.42%
2007	2.98%	0.17%	0.48%	-1.17%	2.43%
2006	2.57%	0.01%	2.80%	4.27%	9.94%
2005	-1.74%	1.49%	0.87%	0.56%	1.15%
2004	1.07%	-0.32%	4.34%	5.04%	10.42%
2003	4.06%	8.25%	2.40%	5.41%	21.59%
2002	1.51%	-3.59%	-3.78%	6.10%	-0.10%
2001	5.14%	-1.67%	-3.99%	6.15%	5.36%
2000	-1.66%	0.99%	0.31%	-2.65%	-3.01%
1999	3.43%	-0.11%	-0.81%	3.99%	6.57%
1998	-	-	-	-	0.80%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 06/30/2017

The chart begins on the Fund's inception date of 12/31/1998.

Based on a hypothetical Class A share investment of $10,000 on 12/31/1998 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Rating	Assets
High Yield Bonds
Bank Loans
Equity
Investment Grade Bonds
Convertibles
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating	Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 06/30/2017

Rating	Assets
BBB
BB
B
<B
Not Rated

Portfolio Positioning as of 03/31/2017

Despite a pullback in March, high yield credit posted positive returns during the first quarter of 2017, driven by lower quality segments of the market.
The Fund continued to have an underweight to the health care sector, albeit much smaller than in the previous quarter. Uncertainty around the repeal of the Affordable Care Act fueled the speculation that legislation would remain intact and the health care sector outperformed during the quarter.
The Fund’s biggest overweight, relative to its benchmark, remains the basic industry sector. Within the sector we continue to favor the metals and mining space, as companies in the sub-sector are poised to benefit from an improving macro environment and the potential increase in infrastructure spending.
We significantly decreased its overweight to the energy sector, as volatility in oil prices increased during the period and valuations became full, in our view.
As of quarter-end, the portfolio had modest allocations to out-of-index sectors, such as bank loans, convertibles, investment-grade bonds, and equities. Select exposures to these sectors offer attractive risk/reward opportunities, potential portfolio diversification benefits and avenues for liquidity.

Portfolio Details as of 06/30/2017

Total Net Assets: $6.81 B
Number of Issues: 706
Average Coupon: 6.70%
Average Maturity: 6.67 Years
Average Effective Duration: 4.44 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding	Coupon	Maturity	Assets

CSC Holdings LLC	10.875%	10/15/2025	1.4%
DISH DBS Corp.	7.750%	07/01/2026	1.2%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.9%
Navient Corp.	5.875%	03/25/2021	0.9%
Dell International LLC / EMC Corp	7.125%	06/15/2024	0.8%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.8%
HCA, Inc.	5.250%	06/15/2026	0.7%
ArcelorMittal	6.125%	06/01/2025	0.6%
MGM Resorts International	6.000%	03/15/2023	0.6%
Sprint Corp.	7.625%	02/15/2025	0.5%

% of Total Assets			8.4%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding	Coupon	Maturity	Assets

CSC Holdings LLC	10.875%	10/15/2025	1.4%
DISH DBS Corp.	7.750%	07/01/2026	1.1%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.9%
Dell International LLC / EMC Corp	7.125%	06/15/2024	0.9%
Navient Corp.	5.875%	03/25/2021	0.8%
Sprint Corp.	7.625%	02/15/2025	0.7%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.7%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	04/01/2024	0.6%
ArcelorMittal	6.125%	06/01/2025	0.6%
HCA, Inc.	5.250%	06/15/2026	0.6%
MGM Resorts International	6.000%	03/15/2023	0.6%
Equinix, Inc.	5.875%	01/15/2026	0.5%
Netflix, Inc.	5.875%	02/15/2025	0.5%
Sprint Capital Corp.	8.750%	03/15/2032	0.5%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.4%
UniCredit S.p.A.	8.000%	06/03/2099	0.4%
Tenet Healthcare Corp.	8.125%	04/01/2022	0.4%
Navient Corp.	6.125%	03/25/2024	0.4%
T-Mobile USA, Inc.	6.836%	04/28/2023	0.4%
WellCare Health Plans, Inc.	5.250%	04/01/2025	0.4%
Fresenius Medical Care US Finance II, Inc.	5.875%	01/31/2022	0.4%
Alcoa Nederland Holding BV	6.750%	09/30/2024	0.4%
Continental Resources, Inc.	3.800%	06/01/2024	0.4%
First Data Corp.	7.000%	12/01/2023	0.4%
IHeart Communications, Inc.	9.000%	03/01/2021	0.3%
Popular, Inc.	7.000%	07/01/2019	0.3%
Intesa Sanpaolo SpA	7.700%	03/17/2099	0.3%
Lloyds Bank plc	12.000%	12/31/2099	0.3%
Qorvo, Inc.	7.000%	12/01/2025	0.3%
Anglo American Capital plc	4.750%	04/10/2027	0.3%
Weatherford International Ltd. Bermuda	9.875%	02/15/2024	0.3%
Blue Cube Spinco, Inc.	10.000%	10/15/2025	0.3%
GCI, Inc.	6.875%	04/15/2025	0.3%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	5.000%	06/01/2024	0.3%
Nabors Industries Ltd.	5.500%	01/15/2023	0.3%
CMA CGM SA	7.750%	01/15/2021	0.3%
BWAY Holding Co.	7.250%	04/15/2025	0.3%
Nationstar Mortgage LLC / Nationstar Capital Corp.	6.500%	07/01/2021	0.3%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.000%	12/01/2024	0.3%
The Royal Bank of Scotland Group PLC	6.100%	06/10/2023	0.3%
L Brands, Inc.	6.875%	11/01/2035	0.3%
Chemours Co.	7.000%	05/15/2025	0.3%
Centene Corp.	6.125%	02/15/2024	0.3%
Kindred Healthcare, Inc.	8.750%	01/15/2023	0.3%
Intelsat Jackson Holdings SA	7.250%	04/01/2019	0.3%
Community Health Systems, Inc.	8.000%	11/15/2019	0.3%
Tronox Finance LLC	7.500%	03/15/2022	0.3%
Numericable Group S.A.	6.000%	05/15/2022	0.3%
The Royal Bank of Scotland Group PLC	6.000%	12/19/2023	0.3%
MEG Energy Corp.	7.000%	03/31/2024	0.3%
Ziggo Secured Finance BV	5.500%	01/15/2027	0.3%
Western Digital Corp.	10.500%	04/01/2024	0.3%
Lundin Mining Corp.	7.875%	11/01/2022	0.3%
BNP Paribas S.A.	6.750%	03/14/2099	0.3%
Pulte Group, Inc.	5.000%	01/15/2027	0.3%
Endo Finance LLC / Endo Finco, Inc.	5.375%	01/15/2023	0.3%
Intesa Sanpaolo SpA	5.710%	01/15/2026	0.3%
Precision Drilling Corp.	5.250%	11/15/2024	0.3%
Cowlitz Tribal Gaming Authority	11.545%	12/04/2020	0.3%
Boise Cascade Co.	5.625%	09/01/2024	0.3%
Kinross Gold Corp.	5.950%	03/15/2024	0.3%
National Financial Partners Corp.	9.000%	07/15/2021	0.3%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di	6.625%	05/15/2022	0.3%
Aleris International, Inc.	9.500%	04/01/2021	0.2%
Williams Cos., Inc.	4.550%	06/24/2024	0.2%
Building Materials Corp. of America	5.375%	11/15/2024	0.2%
Clear Channel Worldwide Holdings, Inc.	6.500%	11/15/2022	0.2%
Geo Group, Inc.	6.000%	04/15/2026	0.2%
Scientific Games International, Inc.	10.000%	12/01/2022	0.2%
Concho Resources, Inc.	5.500%	04/01/2023	0.2%
Endo Finance LLC	6.000%	07/15/2023	0.2%
WPX Energy, Inc.	6.000%	01/15/2022	0.2%
Unitymedia Hessen GmbH & Co KG	5.000%	01/15/2025	0.2%
Telecom Italia Capital S.A.	6.375%	11/15/2033	0.2%
HCA, Inc.	8.360%	04/15/2024	0.2%
Building Materials Corp. of America	6.000%	10/15/2025	0.2%
HCA, Inc.	5.875%	03/15/2022	0.2%
TI Group Automotive Systems LLC	8.750%	07/15/2023	0.2%
Seven Generations Energy Ltd.	6.875%	06/30/2023	0.2%
SESI LLC	7.125%	12/15/2021	0.2%
Sprint Corp.	7.875%	09/15/2023	0.2%
Sensata Technologies BV	5.625%	11/01/2024	0.2%
Radian Group, Inc.	7.000%	03/15/2021	0.2%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic	7.875%	12/15/2024	0.2%
Rockies Express Pipeline LLC	6.875%	04/15/2040	0.2%
AECOM	5.125%	03/15/2027	0.2%
The Royal Bank of Scotland Group PLC	8.625%	09/30/2099	0.2%
General Cable Corp.	5.750%	10/01/2022	0.2%
MGIC Investment Corp.	5.750%	08/15/2023	0.2%
Solera Finance, Inc.	10.500%	03/01/2024	0.2%
Silversea Cruise Finance Ltd.	7.250%	02/01/2025	0.2%
Cablevision Systems Corp.	5.875%	09/15/2022	0.2%
American Axle & Manufacturing, Inc.	6.500%	04/01/2027	0.2%
Citgo Holding, Inc.	10.750%	02/15/2020	0.2%
Southwestern Energy Co.	6.700%	01/23/2025	0.2%
Cogent Communications Group, Inc.	5.375%	03/01/2022	0.2%
Forum Energy Technologies, Inc.	6.250%	10/01/2021	0.2%
Ferroglobe PLC / Globe Specialty Metals Inc	9.375%	03/01/2022	0.2%
Kosmos Energy Ltd.	7.875%	08/01/2021	0.2%
Midcontinent Communications & Midcontinent Finance	6.875%	08/15/2023	0.2%
Container Store	4.250%	04/06/2019	0.2%
Norbord, Inc.	6.250%	04/15/2023	0.2%
Hot Topic, Inc.	9.250%	06/15/2021	0.2%
TPC Group, Inc.	8.750%	12/15/2020	0.2%
CommScope Technologies LLC	5.000%	03/15/2027	0.2%
Micron Technology, Inc.	7.500%	09/15/2023	0.2%
Denbury Resources, Inc.	5.500%	05/01/2022	0.2%
MSCI, Inc.	5.750%	08/15/2025	0.2%
The Royal Bank of Scotland Group PLC	7.500%	09/30/2099	0.2%
AMC Networks, Inc.	4.750%	12/15/2022	0.2%
K. Hovnanian Enterprises, Inc.	7.250%	10/15/2020	0.2%
MasTec, Inc.	4.875%	03/15/2023	0.2%
Six Flags Entertainment Corp.	4.875%	07/31/2024	0.2%
Gates Global LLC	6.000%	07/15/2022	0.2%
Standard Chartered plc	7.500%	04/02/2099	0.2%
Ashland, Inc.	6.875%	05/15/2043	0.2%
Versum Materials, Inc.	5.500%	09/30/2024	0.2%
Hillman Group, Inc.	6.375%	07/15/2022	0.2%
James Hardie International Finance Ltd.	5.875%	02/15/2023	0.2%
Louisiana-Pacific Corp.	4.875%	09/15/2024	0.2%
Block Communications, Inc.	6.875%	02/15/2025	0.2%
Latam Finance Ltd.	6.875%	04/11/2024	0.2%
LTF Merger Sub, Inc.	8.500%	06/15/2023	0.2%
UPCB Finance Ltd.	5.375%	01/15/2025	0.2%
Range Resources Corp.	4.875%	05/15/2025	0.2%
WPX Energy, Inc.	5.250%	09/15/2024	0.2%
Cosan Luxembourg SA	7.000%	01/20/2027	0.2%
HCA, Inc.	5.250%	04/15/2025	0.2%
ING Groep NV	6.875%	04/16/2099	0.2%
HCA, Inc.	7.500%	12/15/2023	0.2%
Jones Energy Holdings LLC	6.750%	04/01/2022	0.2%
Intelsat Connect Finance SA	12.500%	04/01/2022	0.2%
Petrobras Global Finance BV	5.625%	05/20/2043	0.2%
Hilton Grand Vacations Borrower LLC/Hilton Grand V	6.125%	12/01/2024	0.2%
CDW Corp.	5.500%	12/01/2024	0.2%
Mohegan Tribal Gaming Authority	7.875%	10/15/2024	0.2%
Cheniere Corpus Christi Holdings LLC	5.875%	03/31/2025	0.2%
Carrizo Oil & Gas, Inc.	6.250%	04/15/2023	0.2%
Britax Childcare	4.647%	10/15/2020	0.2%
Univision Communications, Inc.	5.125%	02/15/2025	0.2%
Novelis Corp.	5.875%	09/30/2026	0.2%
Lennar Corp.	4.750%	11/15/2022	0.2%
Seven Generations Energy Ltd.	6.750%	05/01/2023	0.2%
Oasis Petroleum, Inc.	6.875%	03/15/2022	0.2%
Ashton Woods USA LLC / Ashton Woods Finance Co.	6.875%	02/15/2021	0.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp	9.750%	06/01/2022	0.2%
Compass Minerals International, Inc.	4.875%	07/15/2024	0.2%
CrownRock L.P./CrownRock Finance, Inc.	7.125%	04/15/2021	0.2%
Autopistas del Sol SA/Costa Rica	7.375%	12/30/2030	0.2%
Rain CII Carbon LLC	7.250%	04/01/2025	0.2%
Signode Industrial Group	6.375%	05/01/2022	0.2%
Beazer Homes USA, Inc.	8.750%	03/15/2022	0.2%
Baffinland Iron Mines, Corp.	12.000%	02/01/2022	0.2%
CEC Entertainment, Inc.	8.000%	02/15/2022	0.2%
William Lyon Homes, Inc.	5.875%	01/31/2025	0.2%
Exterran Energy Solutions L.P. / EES Finance Corp.	8.125%	05/01/2025	0.2%
ESH Hospitality, Inc.	5.250%	05/01/2025	0.2%
Ensco plc	5.200%	03/15/2025	0.2%
Trinseo Materials Operating SCA	6.750%	05/01/2022	0.2%
RegionalCare Hospital Partners Holdings Inc	8.250%	05/01/2023	0.2%
Sprint Corp.	7.125%	06/15/2024	0.2%
Continental Resources, Inc.	4.500%	04/15/2023	0.2%
Masonite International Corp.	5.625%	03/15/2023	0.2%
Zodiac Pool Solutions	10.000%	12/20/2024	0.2%
Kernel Holding SA	8.750%	01/31/2022	0.2%
SPCM S.A.	4.875%	09/15/2025	0.2%
Sirius XM Radio, Inc.	5.375%	07/15/2026	0.2%
EMI Music Publishing Group North America Holdings	7.625%	06/15/2024	0.2%
Comcel Trust	6.875%	02/06/2024	0.2%
Weatherford International Ltd. Bermuda	7.750%	06/15/2021	0.2%
Adient Global Holdings Ltd.	4.875%	08/15/2026	0.2%
Energy Transfer Equity L.P.	5.500%	06/01/2027	0.2%
First Data Corp.	5.750%	01/15/2024	0.2%
Rockies Express Pipeline LLC	5.625%	04/15/2020	0.2%
Teck Resources Ltd.	8.500%	06/01/2024	0.2%
Royal Caribbean Cruises Ltd.	7.500%	10/15/2027	0.2%
Community Health Systems, Inc.	6.250%	03/31/2023	0.2%
WESCO Distribution, Inc.	5.375%	06/15/2024	0.2%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	05/01/2027	0.2%
US Concrete, Inc.	6.375%	06/01/2024	0.2%
Wendy's International, Inc.	7.000%	12/15/2025	0.2%
New Gold, Inc.	6.250%	11/15/2022	0.2%
ASP AMC Merger Sub, Inc.	8.000%	05/15/2025	0.2%
Wynn Las Vegas LLC	5.500%	03/01/2025	0.2%
Bill Barrett Corp.	7.000%	10/15/2022	0.2%
VTR Finance B.V.	6.875%	01/15/2024	0.2%
Hexion, Inc.	6.625%	04/15/2020	0.2%
Altice Financing S.A.	6.625%	02/15/2023	0.2%
UFC Holdings LLC	8.510%	08/03/2024	0.2%
Townsquare Media, Inc.	6.500%	04/01/2023	0.2%
Pulte Group, Inc.	5.500%	03/01/2026	0.2%
Olin Corp.	5.125%	09/15/2027	0.2%
Central Garden & Pet Co.	6.125%	11/15/2023	0.2%
Sanchez Energy Corp.	6.125%	01/15/2023	0.2%
Pactiv Corp.	7.950%	12/15/2025	0.2%
CEVA Group plc	7.000%	03/01/2021	0.2%
BlueLine Rental Finance Corp. / BlueLine Rental LL	9.250%	03/15/2024	0.2%
Rent-A-Center, Inc.	4.750%	05/01/2021	0.2%
Stonegate Pub Company Financing PLC	4.875%	03/15/2022	0.2%
BCD Acquisition, Inc.	9.625%	09/15/2023	0.2%
Con-way, Inc.	6.700%	05/01/2034	0.2%
Allison Transmission, Inc.	5.000%	10/01/2024	0.2%
Sable International Finance Ltd.	6.875%	08/01/2022	0.2%
Noble Holding International Ltd.	7.750%	01/15/2024	0.2%
Cheniere Corpus Christi Holdings LLC	5.125%	06/30/2027	0.2%
Hema Bondco I BV	6.250%	06/15/2019	0.2%
Southern Star Central Corp.	5.125%	07/15/2022	0.2%
Arista Networks, Inc.	0.000%	-	0.2%
Deck Chassis Acquisition, Inc.	10.000%	06/15/2023	0.2%
Republic of Argentina	6.875%	01/26/2027	0.2%
Century Communities, Inc.	5.875%	07/15/2025	0.2%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.2%
BankUnited, Inc.	4.875%	11/17/2025	0.2%
California Resources Corp.	8.000%	12/15/2022	0.2%
Post Holdings, Inc.	5.750%	03/01/2027	0.2%
International Game Technology plc	6.500%	02/15/2025	0.1%
Netflix, Inc.	0.000%	-	0.1%
GrafTech International Ltd.	6.375%	11/15/2020	0.1%
Pharmaceutical Product Development LLC	6.375%	08/01/2023	0.1%
PTC, Inc.	6.000%	05/15/2024	0.1%
New Home Co, Inc./The	7.250%	04/01/2022	0.1%
Live Nation Entertainment, Inc.	2.500%	05/15/2019	0.1%
Aston Martin Capital Holdings Ltd	6.500%	04/15/2022	0.1%
USG Corp.	5.500%	03/01/2025	0.1%
Jonah Energy	7.545%	05/12/2021	0.1%
Hawaiian Airlines Class B Pass Through Certificate	4.950%	01/15/2022	0.1%
BMC East LLC	5.500%	10/01/2024	0.1%
Eclipse Resources Corp.	8.875%	07/15/2023	0.1%
Shea Homes LP / Shea Homes Funding Corp.	6.125%	04/01/2025	0.1%
Ihs Netherlands Holdco BV	9.500%	10/27/2021	0.1%
Orazul Energy Egenor S en C por A	5.625%	04/28/2027	0.1%
Eldorado Resorts, Inc.	7.000%	08/01/2023	0.1%
Sotheby's	5.250%	10/01/2022	0.1%
Performance Food Group, Inc.	5.500%	06/01/2024	0.1%
NOVA Chemicals Corp.	5.250%	08/01/2023	0.1%
Watco Cos. LLC / Watco Finance Corp.	6.375%	04/01/2023	0.1%
American Tower Corp.	0.000%	02/15/2018	0.1%
Cinemark USA, Inc.	4.875%	06/01/2023	0.1%
Viacom, Inc.	6.250%	02/28/2057	0.1%
Energy Transfer Equity L.P.	5.875%	01/15/2024	0.1%
Dutch Lion BV	11.250%	06/15/2020	0.1%
PetSmart, Inc.	7.125%	03/15/2023	0.1%
Transocean Proteus Ltd.	6.250%	12/01/2024	0.1%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.1%
Callon Petroleum Co.	6.125%	10/01/2024	0.1%
Brand Energy & Infrastructure Services Inc	8.500%	12/01/2021	0.1%
Anglo American Capital plc	4.875%	05/14/2025	0.1%
Air Canada	7.750%	04/15/2021	0.1%
Turkiye Garanti Bankasi AS	5.250%	09/13/2022	0.1%
Bluescope Steel Ltd. / Bluescope Steel Finance	6.500%	05/15/2021	0.1%
High Ridge Brands Co.	8.875%	03/15/2025	0.1%
Energen Corp.	4.625%	09/01/2021	0.1%
Delhi International Airport Pvt Ltd	6.125%	10/31/2026	0.1%
Central American Bottling Corp.	5.750%	01/31/2027	0.1%
AMC Networks, Inc.	5.000%	04/01/2024	0.1%
Rayonier AM Products, Inc.	5.500%	06/01/2024	0.1%
Elwood Energy LLC	8.159%	07/05/2026	0.1%
Navios Maritime Acq Corp./Fin US Inc.	8.125%	11/15/2021	0.1%
VeriSign, Inc.	5.250%	04/01/2025	0.1%
Salem Communications Corp.	6.750%	06/01/2024	0.1%
Air Medical Group Holdings, Inc.	6.375%	05/15/2023	0.1%
American Energy-Permian Basin LLC	13.000%	11/30/2020	0.1%
Envision Healthcare Corp.	5.625%	07/15/2022	0.1%
Alliant Holdings Intermediate LLC	8.250%	08/01/2023	0.1%
UC Holdings	0.000%	-	0.1%
Zayo Group LLC	6.000%	04/01/2023	0.1%
Ahern Rentals, Inc.	7.375%	05/15/2023	0.1%
T-Mobile USA, Inc.	6.375%	03/01/2025	0.1%
Gol LuxCo SA	8.875%	01/24/2022	0.1%
Hill-Rom Holdings, Inc.	5.750%	09/01/2023	0.1%
AMC Entertainment Holdings, Inc.	6.125%	05/15/2027	0.1%
Valeant Pharmaceuticals International, Inc.	7.000%	03/15/2024	0.1%
Transocean Phoenix 2 Ltd.	7.750%	10/15/2024	0.1%
Delek Logistics Partners L,P.	6.750%	05/15/2025	0.1%
Consol Energy, Inc.	5.875%	04/15/2022	0.1%
Molina Healthcare, Inc.	4.875%	06/15/2025	0.1%
Antero Midstream Partners L.P. / Antero Midstream	5.375%	09/15/2024	0.1%
Acadia Healthcare Co., Inc.	6.500%	03/01/2024	0.1%
Manitowoc Foodservice, Inc.	9.500%	02/15/2024	0.1%
FGI Operating Co. LLC / FGI Finance, Inc.	7.875%	05/01/2020	0.1%
Alliance Resource Operating Partners LP / Alliance	7.500%	05/01/2025	0.1%
Trinidad Drilling Ltd.	6.625%	02/15/2025	0.1%
Eletson Holdings, Inc.	9.625%	01/15/2022	0.1%
ClubCorp Club Operations, Inc.	8.250%	12/15/2023	0.1%
SBA Communications Corp.	4.875%	09/01/2024	0.1%
Stena AB	7.000%	02/01/2024	0.1%
Ritchie Bros Auctioneers, Inc.	5.375%	01/15/2025	0.1%
Weight Watchers International, Inc.	4.343%	04/02/2020	0.1%
Midas Intermediate Holdco II LLC / Midas Intermedi	7.875%	10/01/2022	0.1%
BakerCorp International, Inc.	8.250%	06/01/2019	0.1%
JD Power & Associates	9.500%	06/09/2024	0.1%
Apex Tool Group LLC	7.000%	02/01/2021	0.1%
Rivers Pittsburgh Borrower L.P./Rivers Pittsburgh	6.125%	08/15/2021	0.1%
Springs Industries, Inc.	6.250%	06/01/2021	0.1%
Sirius XM Radio, Inc.	6.000%	07/15/2024	0.1%
Freeport-McMoRan, Inc.	3.550%	03/01/2022	0.1%
Take-Two Interactive Software, Inc.	1.000%	07/01/2018	0.1%
Novelis Corp.	6.250%	08/15/2024	0.1%
PetSmart, Inc.	5.875%	06/01/2025	0.1%
Joseph T Ryerson & Son, Inc.	11.000%	05/15/2022	0.1%
Meritage Homes Corp.	5.125%	06/06/2027	0.1%
PDC Energy, Inc.	7.750%	10/15/2022	0.1%
Belo Corp.	7.250%	09/15/2027	0.1%
Imperial Metals Corp.	7.000%	03/15/2019	0.1%
Holly Energy Partners L.P. / Holly Energy Finance	6.000%	08/01/2024	0.1%
Hilton Domestic Operating Co, Inc.	4.250%	09/01/2024	0.1%
Belk, Inc.	5.905%	12/12/2022	0.1%
UAL Corp.	6.000%	12/01/2020	0.1%
Province of Neuquen	8.625%	05/12/2028	0.1%
Carlson Travel, Inc.	9.500%	12/15/2024	0.1%
Prime Security Services Borrower LLC / Prime Finan	9.250%	05/15/2023	0.1%
Sophia LP / Sophia Finance, Inc.	9.000%	09/30/2023	0.1%
Chaparral Energy, Inc.	0.000%	-	0.1%
Teleflex, Inc.	4.875%	06/01/2026	0.1%
Inmarsat Finance plc	6.500%	10/01/2024	0.1%
Southern Graphics Systems, Inc.	8.375%	10/15/2020	0.1%
MPH Acquisition Holdings LLC	7.125%	06/01/2024	0.1%
Rackspace Hosting, Inc.	8.625%	11/15/2024	0.1%
Cenovus Energy, Inc.	6.750%	11/15/2039	0.1%
Eldorado Resorts, Inc.	0.000%	-	0.1%
Neenah Paper, Inc.	5.250%	05/15/2021	0.1%
Optimas OE Solutions Holding LLC / Optimas OE Solu	8.625%	06/01/2021	0.1%
Gibson Brands, Inc.	8.875%	08/01/2018	0.1%
Caesars Entertainment Operating Co., Inc.	0.000%	12/15/2018	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2023	0.1%
Dave & Buster's Entertainment, Inc.	0.000%	-	0.1%
Indo Energy Finance II BV	6.375%	01/24/2023	0.1%
Chesapeake Energy Corp.	6.625%	08/15/2020	0.1%
Carrols Restaurant Group, Inc.	8.000%	05/01/2022	0.1%
EW Scripps Co.	5.125%	05/15/2025	0.1%
OM Asset Management plc	4.800%	07/27/2026	0.1%
First Cash Financial Services, Inc.	5.375%	06/01/2024	0.1%
Matador Resources Co.	6.875%	04/15/2023	0.1%
GW Honos Security Corp.	8.750%	05/15/2025	0.1%
Wynn Macau Ltd.	5.250%	10/15/2021	0.1%
New Albertson's, Inc.	7.450%	08/01/2029	0.1%
Intelsat Jackson Holdings SA	8.000%	02/15/2024	0.1%
Lamb Weston Holdings, Inc.	4.625%	11/01/2024	0.1%
Penn National Gaming, Inc.	5.625%	01/15/2027	0.1%
Dynagas LNG Partners L.P.	6.250%	10/30/2019	0.1%
MGM Growth Properties Operating Partnership LP / M	5.625%	05/01/2024	0.1%
Okta Inc	0.000%	-	0.1%
Province of Santa Fe	6.900%	11/01/2027	0.1%
Murphy Oil Corp.	6.875%	08/15/2024	0.1%
Cedar Fair L.P.	5.375%	06/01/2024	0.1%
Abe Investment Holdings, Inc./Getty Images, Inc.	7.000%	10/15/2020	0.1%
Press Ganey Holdings, Inc.	8.295%	09/28/2024	0.1%
Banco de Galicia y Buenos Aires	8.250%	07/19/2026	0.1%
Remy Cointreau S.A.	0.000%	-	0.1%
Sotheby's	0.000%	-	0.1%
Tesoro Logistics L.P.	5.250%	01/15/2025	0.1%
Enogex LLC	6.250%	03/15/2020	0.1%
Tesla Motors, Inc.	2.375%	03/15/2022	0.1%
MHP S.A.	8.250%	04/02/2020	0.1%
Numericable Group S.A.	7.375%	05/01/2026	0.1%
NCI Building Systems, Inc.	8.250%	01/15/2023	0.1%
Cedar Fair L.P. / Canada's Wonderland Co. / Magnum	5.375%	04/15/2027	0.1%
Blue Racer Midstream LLC	6.125%	11/15/2022	0.1%
CURO Financial Technologies Corp	12.000%	03/01/2022	0.1%
Trade Desk, Inc./The	0.000%	-	0.1%
Sealed Air Corp.	6.875%	07/15/2033	0.1%
Golar LNG Partners L.P.	7.432%	05/15/2021	0.1%
Telefonica Celular del Paraguay SA	6.750%	12/13/2022	0.1%
Consol Energy, Inc.	8.000%	04/01/2023	0.1%
Yum China Holdings, Inc.	0.000%	-	0.1%
Hapag-Lloyd AG	6.750%	02/01/2022	0.1%
EXTENDED STAY AMER INC	0.000%	-	0.1%
Teradyne, Inc.	1.250%	12/15/2023	0.1%
Enova International, Inc.	9.750%	06/01/2021	0.1%
Ferrari NV	0.000%	-	0.1%
ADT Corp.	4.875%	07/15/2032	0.1%
Peabody Energy Corp.	6.375%	03/31/2025	0.1%
CIT Group, Inc.	5.800%	12/31/2099	0.1%
Tempur Sealy International, Inc.	5.500%	06/15/2026	0.1%
Columbus International, Inc.	7.375%	03/30/2021	0.1%
Booz Allen Hamilton, Inc.	5.125%	05/01/2025	0.1%
York Risk Services Holding Corp	8.500%	10/01/2022	0.1%
Raven Industries, Inc.	0.000%	-	0.1%
inVentiv Group Holdings/inVentiv Health Inc/inVent	7.500%	10/01/2024	0.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)	10.147%	11/26/2021	0.1%
TerraForm Power Operating LLC	6.375%	02/01/2023	0.1%
Trimble Navigation Ltd.	0.000%	-	0.1%
Hermes International	0.000%	-	0.1%
Murphy Oil USA, Inc.	6.000%	08/15/2023	0.1%
Capex SA	6.875%	05/15/2024	0.1%
AV Homes, Inc.	6.625%	05/15/2022	0.1%
Laureate Education, Inc.	8.250%	05/01/2025	0.1%
Longview Power	7.050%	03/25/2021	0.1%
NuVasive, Inc.	2.250%	03/15/2021	0.1%
Hill-Rom Holdings, Inc.	5.000%	02/15/2025	0.1%
Cliffs Natural Resources, Inc.	5.750%	03/01/2025	0.1%
PF Chang's China Bistro, Inc.	10.250%	06/30/2020	0.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson	5.750%	03/15/2025	0.1%
Blueprint Medicines Corp.	0.000%	-	0.1%
Century Aluminum Co.	0.000%	-	0.1%
Infinity Acquisition LLC	7.250%	08/01/2022	0.1%
Jacobs Entertainment, Inc.	7.875%	02/01/2024	0.1%
Sanchez Energy Corp.	7.750%	06/15/2021	0.1%
DuPont Fabros Technology, Inc.	5.625%	06/15/2023	0.1%
Chesapeake Energy Corp.	4.875%	04/15/2022	0.1%
Provident Funding Associates L.P. / PFG Finance Co	6.375%	06/15/2025	0.1%
Newfield Exploration Co.	5.750%	01/30/2022	0.1%
Turkiye Garanti Bankasi AS	6.125%	05/24/2027	0.1%
Ctrip.com International Ltd.	1.250%	09/15/2022	0.1%
MDC Holdings, Inc.	6.000%	01/15/2043	0.1%
SMU S.A.	7.750%	02/08/2020	0.1%
Republic of Zambia	5.375%	09/20/2022	0.1%
Navios Maritime Partners LP	6.130%	09/14/2020	0.1%
Swatch Group AG/The	0.000%	-	0.1%
Sri Lanka (Democratic Socialist Republic of)	6.825%	07/18/2026	0.1%
Nexteer Automotive Group Ltd.	5.875%	11/15/2021	0.1%
Listrindo Capital BV	4.950%	09/14/2026	0.1%
PNK Entertainment, Inc.	5.625%	05/01/2024	0.1%
Vedanta Resources plc	6.375%	07/30/2022	0.1%
Align Technology, Inc.	0.000%	-	0.1%
Potlatch Corp.	0.000%	-	0.1%
Jurassic Holdings III, Inc.	6.875%	02/15/2021	0.1%
FBM Finance, Inc.	8.250%	08/15/2021	0.1%
Choice Hotels International, Inc.	0.000%	-	0.1%
Energizer Holdings, Inc.	5.500%	06/15/2025	0.1%
Speedway Motorsports, Inc.	5.125%	02/01/2023	0.1%
LifePoint Hospitals, Inc.	5.375%	05/01/2024	0.1%
Starwood Property Trust, Inc.	5.000%	12/15/2021	0.1%
Altice Finco S.A.	8.125%	01/15/2024	0.1%
Griffon Corp.	5.250%	03/01/2022	0.1%
CIMPOR Financial Operations BV	5.750%	07/17/2024	0.1%
GTH Finance BV	7.250%	04/26/2023	0.1%
American Builders & Contractors Supply Co., Inc.	5.750%	12/15/2023	0.1%
Hearthside Group Holdings LLC	6.500%	05/01/2022	0.1%
Unit Corp.	6.625%	05/15/2021	0.1%
Chester Downs and Marina, L.L.C.	9.250%	02/01/2020	0.1%
Petra Diamonds US Treasury plc	7.250%	05/01/2022	0.1%
Shake Shack, Inc.	0.000%	-	0.1%
WMG Acquisition Corp.	5.000%	08/01/2023	0.1%
Ingles Markets, Inc.	5.750%	06/15/2023	0.1%
HubSpot, Inc.	0.250%	06/01/2022	0.1%
Eskom Holdings SOC Ltd.	7.125%	02/11/2025	0.1%
Macquarie Bank Ltd./London	6.125%	09/08/2099	0.1%
Trivago NV	0.000%	-	0.1%
Stratasys Ltd.	0.000%	-	0.1%
NCL Corp. Ltd.	4.625%	11/15/2020	0.1%
Sri Lanka (Democratic Socialist Republic of)	6.200%	05/11/2027	0.1%
Huntington Ingalls Industries, Inc.	5.000%	11/15/2025	0.1%
Avon Products, Inc.	7.000%	03/15/2023	0.1%
Micron Technology, Inc.	5.250%	08/01/2023	0.1%
Arcelik AS	5.000%	04/03/2023	0.1%
KLA-Tencor Corp.	0.000%	-	0.1%
Parsley Energy LLC	6.250%	06/01/2024	0.1%
PFS Holding Corporation	8.416%	01/31/2022	0.1%
Chief Exploration & Dev LLC	7.932%	05/16/2021	0.1%
Navient Corp.	6.750%	06/25/2025	0.1%
Tennant Co.	5.625%	05/01/2025	0.1%
The Royal Bank of Scotland Group PLC	5.125%	05/28/2024	0.1%
Akbank TAS	7.200%	03/16/2027	0.1%
KB Home	0.000%	-	0.1%
Titan International, Inc.	6.875%	10/01/2020	0.1%
Rumo Luxembourg Sarl	7.375%	02/09/2024	0.1%
T-Mobile US, Inc.	0.000%	12/15/2017	0.1%
Restoration Hardware Holdings, Inc.	0.000%	-	0.1%
Red Hat, Inc.	0.250%	10/01/2019	0.1%
Zenith Bank plc	6.250%	04/22/2019	0.1%
KeHE Distributors LLC / KeHE Finance Corp.	7.625%	08/15/2021	0.1%
Williams Cos., Inc.	5.750%	06/24/2044	0.1%
Intelsat Jackson Holdings SA	5.500%	08/01/2023	0.1%
Silgan Holdings, Inc.	4.750%	03/15/2025	0.1%
Arcos Dorados Holdings, Inc.	5.875%	04/04/2027	0.1%
Arcor	6.000%	07/06/2023	0.1%
Ghana Government International Bond	9.250%	09/15/2022	0.1%
EP Energy LLC	8.000%	11/29/2024	0.1%
Starwood Waypoint Residential Trust	3.500%	01/15/2022	0.1%
Camelot Finance SA	7.875%	10/15/2024	0.1%
Cloud Crane LLC	10.125%	08/01/2024	0.1%
DPL, Inc.	7.250%	10/15/2021	0.1%
Diamondback Energy, Inc.	4.750%	11/01/2024	0.1%
Provincia de Mendoza Argentina	8.375%	05/19/2024	0.1%
United States Steel Corp.	8.375%	07/01/2021	0.1%
Cable One, Inc.	5.750%	06/15/2022	0.1%
Cablevision SA/Argentina	6.500%	06/15/2021	0.1%
Jo-Ann Stores Holdings, Inc.	9.750%	10/15/2019	0.1%
Virgin Media Finance plc	6.000%	10/15/2024	0.1%
Brazil Minas SPE via State of Minas Gerais	5.333%	02/15/2028	0.1%
AMC Entertainment Holdings, Inc.	5.875%	11/15/2026	0.1%
Summit Materials LLC	6.125%	07/15/2023	0.1%
Nigeria Government International Bond	7.875%	02/16/2032	0.1%
Gigamon, Inc.	0.000%	-	0.1%
PetSmart, Inc.	4.010%	03/11/2022	0.1%
Scotts Miracle-Gro Co.	6.000%	10/15/2023	0.1%
International Automotive Components Group S.A.	9.125%	06/01/2018	0.1%
Eldorado Resorts, Inc.	6.000%	04/01/2025	0.1%
Hardwoods Acquisition, Inc.	7.500%	08/01/2021	0.1%
Incyte Corp.	0.000%	-	0.1%
EP Energy LLC	9.375%	05/01/2020	0.1%
Grinding Media, Inc. / MC Grinding Media Canada, I	7.375%	12/15/2023	0.1%
NEFF Corp.	7.543%	06/09/2021	0.1%
Valvoline, Inc.	5.500%	07/15/2024	0.1%
Sterigenics-Nordion Holdings LLC	6.500%	05/15/2023	0.1%
National Veterinary Associates	8.147%	08/14/2022	0.1%
LBC Tank Terminals Holding Netherlands BV	6.875%	05/15/2023	0.1%
NANA Development Corp.	9.500%	03/15/2019	0.1%
Fiat Chrysler Automobiles N.V.	5.250%	04/15/2023	0.1%
TKC Holdings, Inc.	8.500%	02/01/2024	0.1%
Monitronics International, Inc.	9.125%	04/01/2020	0.1%
Hecla Mining Co.	6.875%	05/01/2021	0.1%
Hexion, Inc.	10.375%	02/01/2022	0.1%
ATS Automation Tooling Systems, Inc.	6.500%	06/15/2023	0.1%
Provincia de Buenos Aires, Argentina	6.500%	02/15/2023	0.1%
SPX FLOW, Inc.	5.875%	08/15/2026	0.1%
Algeco Scotsman Global Finance PLC	10.750%	10/15/2019	0.1%
Buenos Aires, Argentina	7.500%	06/01/2027	0.1%
ASML Holding NV	0.000%	-	0.1%
Pulte Group, Inc.	6.375%	05/15/2033	0.1%
EnerSys	5.000%	04/30/2023	0.1%
AECOM	5.875%	10/15/2024	0.1%
Neiman Marcus Group Inc., The	4.250%	10/25/2020	0.1%
Genoa Healthcare Hldgs LLC	9.000%	10/27/2024	0.1%
Energy Future Intermediate Holding Co. LLC / EFIH	0.000%	12/01/2020	0.1%
Almonde, Inc.	8.408%	04/28/2025	0.1%
CommScope Technologies LLC	6.000%	06/15/2025	0.1%
Koppers, Inc.	6.000%	02/15/2025	0.1%
Mobile Mini, Inc.	5.875%	07/01/2024	0.1%
Eldorado Gold Corp.	6.125%	12/15/2020	0.1%
CH Hold Corp.	8.295%	02/03/2025	0.1%
Acadia Healthcare Co., Inc.	5.625%	02/15/2023	0.1%
Carmike Cinemas, Inc.	6.000%	06/15/2023	0.1%
California Resources Corp.	11.375%	12/31/2021	0.1%
Beazer Homes USA, Inc.	6.750%	03/15/2025	0.1%
Crosby Group (KKR)	4.172%	11/22/2020	0.1%
CSL Capital, LLC	6.000%	04/15/2023	0.1%
Nielsen Finance LLC / Nielsen Finance Co.	5.000%	04/15/2022	0.1%
MCE Finance Ltd.	5.000%	02/15/2021	0.1%
Malibu Boats, Inc.	0.000%	-	0.1%
Builders FirstSource, Inc.	5.625%	09/01/2024	0.1%
Barminco Finance Pty Ltd.	6.625%	05/15/2022	0.1%
Colorado Buyer, Inc.	8.420%	05/01/2025	0.1%
Steel Dynamics, Inc.	5.500%	10/01/2024	0.1%
JMC Steel Group	9.875%	06/15/2023	0.1%
Cheniere Corpus Christi Holdings LLC	7.000%	06/30/2024	0.1%
Navios South American Logistics Inc / Navios Logis	7.250%	05/01/2022	0.1%
Covanta Holding Corp.	5.875%	03/01/2024	0.1%
Caesars Entertainment Operating Co., Inc.	1.500%	06/01/2018	0.1%
Navios Maritime Holdings, Inc. / Navios Maritime F	7.375%	01/15/2022	0.1%
Equinox Fitness Club	8.045%	09/06/2024	0.1%
Kraton Polymers LLC/Capital Corp.	10.500%	04/15/2023	0.1%
Air Canada 2015-2 Class B Pass Through Trust	5.000%	12/15/2023	0.1%
WEX, Inc.	4.750%	02/01/2023	0.1%
William Lyon Homes, Inc.	7.000%	08/15/2022	0.1%
Belden, Inc.	5.500%	09/01/2022	0.1%
Sandy Creek Energy Associates	5.147%	11/09/2020	0.1%
SPX FLOW, Inc.	5.625%	08/15/2024	0.1%
Precision Drilling Corp.	6.500%	12/15/2021	0.1%
Samarco Mineracao S.A.	4.125%	11/01/2022	0.1%
Oxbow Carbon & Mineral	8.045%	01/17/2020	0.1%
Southern States Cooperative, Inc.	10.000%	08/15/2021	0.1%
Covanta Holding Corp.	5.875%	07/01/2025	0.1%
American Axle & Manufacturing, Inc.	6.250%	04/01/2025	0.1%
HCA, Inc.	7.500%	02/15/2022	0.1%
EIF Channelview Cogeneration, LLC (fka GIM Channel	4.295%	05/08/2020	0.1%
FTS International, Inc.	6.250%	05/01/2022	0.1%
GCP Applied Technologies, Inc.	9.500%	02/01/2023	0.1%
Lennar Corp.	4.750%	05/30/2025	0.1%
Carlson Travel, Inc.	6.750%	12/15/2023	0.1%
Fresh Market, Inc.	9.750%	05/01/2023	0.1%
Netflix, Inc.	4.375%	11/15/2026	0.1%
Prestige Brands, Inc.	6.375%	03/01/2024	0.1%
Summit Materials LLC	5.125%	06/01/2025	0.1%
Altice Financing S.A.	7.500%	05/15/2026	0.1%
Seminole Hard Rock Entertainment, Inc. / Seminole	5.875%	05/15/2021	0.1%
Surgery Center Holdings, Inc.	8.875%	04/15/2021	0.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.	5.875%	05/15/2025	0.1%
Rain CII Carbon LLC	8.250%	01/15/2021	0.1%
Lamar Media Corp.	5.750%	02/01/2026	0.1%
Equinix, Inc.	5.375%	04/01/2023	0.1%
Grupo Idesa S.A. de C.V.	7.875%	12/18/2020	0.1%
Avianca Holdings S.A.	8.375%	05/10/2020	0.1%
PPL Energy Supply LLC	6.500%	06/01/2025	0.1%
MEG Energy Corp.	6.500%	01/15/2025	0.1%
Brookfield Residential Properties Inc / Brookfield	6.125%	07/01/2022	0.1%
Province of Neuquen	7.500%	04/27/2025	0.1%
Hudson Products	5.150%	03/15/2019	0.1%
Boyd Gaming Corp.	6.875%	05/15/2023	0.1%
Churchill Downs, Inc.	5.375%	12/15/2021	0.1%
Allegion plc	5.875%	09/15/2023	0.1%
Brinker International, Inc.	3.875%	05/15/2023	0.1%
Centene Corp.	4.750%	01/15/2025	0.1%
Bumble Bee Holdco S.C.A/Inc.	9.625%	03/15/2018	0.1%
Moxie Liberty LLC	7.647%	08/21/2020	0.1%
Viva Alamo LLC	5.452%	02/22/2021	0.1%
Netshoes Cayman Ltd	0.000%	-	0.1%
Beacon Roofing Supply, Inc.	6.375%	10/01/2023	0.1%
Rite Aid Corp.	7.700%	02/15/2027	0.1%
IFM US Colonial Pipeline 2 LLC	6.450%	05/01/2021	0.1%
Ultra Resources, Inc.	6.875%	04/15/2022	0.1%
CPG Merger Sub LLC	8.000%	10/01/2021	0.1%
FTS International	5.795%	04/16/2021	0.1%
Arcos Dorados Holdings, Inc.	6.625%	09/27/2023	0.1%
Builders FirstSource, Inc.	10.750%	08/15/2023	0.1%
Tops Holding LLC / Tops Markets II Corp.	8.000%	06/15/2022	0.1%
Commercial Metals Co.	4.875%	05/15/2023	0.1%
Petrobras Global Finance BV	7.250%	03/17/2044	0.1%
Hyland Software, Inc.	8.180%	05/31/2025	0.1%
GLP Capital L.P. / GLP Financing II, Inc.	5.375%	04/15/2026	0.1%
Murphy Oil USA, Inc.	5.625%	05/01/2027	0.1%
Precision Drilling Corp.	7.750%	12/15/2023	0.1%
Navient Corp.	6.625%	07/26/2021	0.1%
NGL Energy Partners L.P.	7.500%	11/01/2023	0.1%
Kinross Gold Corp.	5.125%	09/01/2021	0.1%
Yonkers Racing Corp.	7.500%	08/20/2020	0.1%
Eagle Holding Co. II LLC	7.625%	05/15/2022	0.1%
HCA, Inc.	7.690%	06/15/2025	0.1%
Rain CII Carbon LLC	8.500%	01/15/2021	0.1%
HudBay Minerals, Inc.	7.625%	01/15/2025	0.1%
Valeant Pharmaceuticals International, Inc.	6.500%	03/15/2022	0.1%
Tesoro Logistics L.P.	6.250%	10/15/2022	0.1%
Remote Escrow Finance Vehicle LLC	10.500%	06/01/2022	0.1%
Production Resource Group LLC	8.875%	05/01/2019	0.1%
NOVA Chemicals Corp.	5.000%	05/01/2025	0.1%
New Albertson's, Inc.	7.750%	06/15/2026	0.1%
Bristow Group, Inc.	6.250%	10/15/2022	0.1%
Freedom Mtg Corp.	6.862%	02/23/2022	0.1%
Cloudera Inc	0.000%	-	0.1%
MHP S.A.	7.750%	05/10/2024	0.1%
Chemours Co.	5.375%	05/15/2027	0.1%
Unitymedia GmbH	6.125%	01/15/2025	0.1%
Shingle Springs Tribal Gaming Auth	9.750%	09/01/2021	0.1%
Century Aluminum Co.	7.500%	06/01/2021	0.1%
Ultra Resources, Inc.	7.125%	04/15/2025	0.1%
Chassix, Inc.	12.000%	07/29/2019	0.1%
Capital Automotive L.P.	7.029%	03/24/2025	0.1%
CDW Corp.	5.000%	09/01/2023	0.1%
Panda Temple Power LLC	7.250%	03/06/2022	0.1%
Oceaneering International, Inc.	4.650%	11/15/2024	0.1%
Kratos Defense & Security Solutions Inc	0.000%	-	0.1%
AES Red Oak LLC	9.200%	11/30/2029	0.1%
PetMed Express, Inc.	0.000%	-	0.1%
Freshpet, Inc.	0.000%	-	0.1%
TESARO, Inc.	3.000%	10/01/2021	0.1%
Ply Gem Industries, Inc.	6.500%	02/01/2022	0.1%
Zenith Bank plc	7.375%	05/30/2022	0.1%
Sage Therapeutics, Inc.	0.000%	-	0.1%
United Rentals, Inc.	6.125%	06/15/2023	0.1%
United Rentals, Inc.	5.875%	09/15/2026	0.1%
Navient Corp.	5.875%	10/25/2024	0.1%
Unitymedia Hessen GmbH & Co KG	5.500%	01/15/2023	0.1%
Clovis Oncology, Inc.	2.500%	09/15/2021	0.0%
Scientific Games Corp.	0.000%	-	0.0%
Telecom Italia Capital S.A.	7.721%	06/04/2038	0.0%
VeriSign, Inc.	4.625%	05/01/2023	0.0%
Denbury Resources, Inc.	4.625%	07/15/2023	0.0%
Tullow Oil plc	6.250%	04/15/2022	0.0%
William Lyon Homes	0.000%	12/01/2017	0.0%
Diplomat Pharmacy, Inc.	0.000%	-	0.0%
Steel Dynamics, Inc.	5.000%	12/15/2026	0.0%
Louisiana-Pacific Corp.	0.000%	-	0.0%
AES Red Oak LLC	8.540%	11/30/2019	0.0%
PDC Energy, Inc.	6.125%	09/15/2024	0.0%
Panda Temple Power LLC	7.250%	04/03/2019	0.0%
Texas Capital Bank NA/Dallas TX	5.250%	01/31/2026	0.0%
CIT Group, Inc.	6.000%	04/01/2036	0.0%
Caesars Entertainment Operating Co., Inc.	10.000%	12/15/2018	0.0%
Tonon Luxembourg S.A.	10.500%	05/14/2024	0.0%
Huntington Ingalls Industries, Inc.	5.000%	12/15/2021	0.0%
MGM Resorts International	7.750%	03/15/2022	0.0%
Graphic Packaging Holding Co.	4.875%	11/15/2022	0.0%
Indika Energy Capital II Pte Ltd	6.875%	04/10/2022	0.0%
Sealed Air Corp.	4.875%	12/01/2022	0.0%
Ply Gem Industries, Inc.	6.500%	02/01/2022	0.0%
Senegal Goverment International Bond	6.250%	05/23/2033	0.0%
Morgan Stanley Capital I Trust	5.510%	07/15/2056	0.0%
HudBay Minerals, Inc.	7.250%	01/15/2023	0.0%
Hostess Brands, Inc.	0.000%	-	0.0%
Templar Energy LLC	0.000%	-	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
Delta 2 (Lux) S.a r.l (aka Formula One)	8.068%	07/29/2022	0.0%
GulfMark Offshore, Inc.	0.000%	03/15/2022	0.0%
Cloud Crane Escrow LLC	10.125%	08/01/2024	0.0%
Templar Energy LLC	0.000%	-	0.0%
Tesoro Logistics L.P.	6.375%	05/01/2024	0.0%
ARC Properties Operating Partnership L.P.	4.600%	02/06/2024	0.0%
Pike Corp.	9.050%	09/10/2024	0.0%
Bonanza Creek Energy, Inc.	0.000%	-	0.0%
Fairmount Minerals	4.647%	09/05/2019	0.0%
Deltic Timber Corp.	0.000%	-	0.0%
Fairway Group Acquisition Company	9.000%	01/03/2020	0.0%
Fairway Group Acquisition Company	10.000%	10/03/2021	0.0%
Viking Cruises Ltd.	6.250%	05/15/2025	0.0%
Peabody Energy Corp.	0.000%	-	0.0%
Mirabela Nickel Ltd.	0.000%	-	0.0%
Rack Holdings	8.250%	10/03/2022	0.0%
Fairway Group Acquisition Company	0.000%	-	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
Penson Technologies LLC	0.000%	-	0.0%
Afren plc	6.625%	12/09/2020	0.0%
Afren plc	10.250%	04/08/2019	0.0%
FX GBP/USD 07/17	0.000%	07/19/2017	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
US 5YR NOTE (CBT) SEP17	0.000%	10/04/2017	0.0%
US LONG BOND(CBT) SEP17	0.000%	09/29/2017	0.0%
US 10YR NOTE (CBT)SEP17	0.000%	09/29/2017	0.0%
Bonanza Creek Energy, Inc.	0.000%	12/31/2049	0.0%
General Motors Co.	7.200%	01/15/2049	0.0%
Peabody Energy Corp.	10.000%	03/15/2022	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
Momentive Performance Escrow	0.000%	12/31/2049	0.0%
FX EUR/USD 08/17	0.000%	08/16/2017	0.0%
FX USD/EUR 08/17	0.000%	08/16/2017	0.0%
FX USD/GBP 07/17	0.000%	07/19/2017	0.0%
FX USD/CHF 07/17	0.000%	07/05/2017	0.0%
FX USD/EUR 08/17	0.000%	08/16/2017	0.0%
FX USD/EUR 08/17	0.000%	08/16/2017	0.0%

Sector Allocationas of 06/30/2017

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Basic Industry		1.3%
Financial Services		0.8%
Automotive		0.0%
Insurance		0.2%
Energy		2.5%
Technology & Electronics		0.1%
Media		0.1%
Utility		0.0%
Healthcare		0.8%
Capital Goods		0.8%
Telecommunications		0.0%
Leisure		0.5%
Transportation		0.3%
Banking		1.0%
Other		0.0%
Consumer Goods		0.0%
Retail		1.0%
Real Estate		0.1%
Services		0.2%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 07/26/2017: $0.221
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	06/30/2017	$0.03621	$7.65
Daily	Daily	05/31/2017	$0.03687	$7.68
Daily	Daily	04/30/2017	$0.03694	$7.67
Daily	Daily	03/31/2017	$0.03785	$7.61
Daily	Daily	02/28/2017	$0.03711	$7.67
Daily	Daily	01/31/2017	$0.03675	$7.60

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	07/31/2017
Daily	Daily	08/31/2017
Daily	Daily	09/30/2017
Daily	Daily	10/31/2017
Daily	Daily	11/30/2017
Daily	Daily	12/31/2017

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/18/2014	12/19/2014	$0.0899	$0.0792	$0.1691	$7.44

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/14/2017	12/15/2017

Fees & Expenses

Sales Charge Schedule as of 07/26/2017

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$7.90
$100,000 to $249,999	1.75%	1.50%	$7.86
$250,000 to $499,999	1.25%	1.00%	$7.82
$500,000 to $999,999	0.00%	1.00%	$7.72
$1,000,000 to $5,000,000	0.00%	1.00%	$7.72

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

Expense Ratioas of 06/30/2017

Expense ratio details, Click here.

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
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n/a	Prospectus (XBRL) Publish Date:11/03/2015
	SAI Publish Date:11/03/2015
	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Fixed Income Flyer Publish Date:11/03/2015
	Capital Markets Presentation Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

IMPORTANT INFORMATION

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Class A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The BofA Merrill Lynch U.S. High Yield Master II Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Source Merrill Lynch, Pierce, Fenner & Smith Incorporated (“BofAML”), used with permission. BofAML PERMITS USE OF THE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD, ABBETT & CO. LLC., OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

AN OPPORTUNISTIC APPROACH

STRONG TRACK RECORD

Yield

Dividend Yield 1 as of 07/26/2017

30-Day Standardized Yield 2 as of 06/30/2017

Expense Ratioas of 06/30/2017

Fund Basicsas of 06/30/2017

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

RELATED CONTENT

Credit Quality Distribution as of 06/30/2017 View Portfolio

Investment Team

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Performance

Performance

Dividend Yield 1 as of 07/26/2017

30-Day Standardized Yield 2 as of 06/30/2017

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Fund Expense Ratio :

0.88%

Growth of $10,000 as of 06/30/2017

NAV Historical Prices

Portfolio

Portfolio

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Using Your Email Address.

Dividend Yield ¹ as of 07/26/2017

30-Day Standardized Yield ² as of 06/30/2017

Dividend Yield ¹ as of 07/26/2017

30-Day Standardized Yield ² as of 06/30/2017